Medco says construction progress at Block A reaches 60%
Tuesday, November 7 2017 - 01:20 AM WIB
By Thomas Sembiring
Petromindo|Thomas
IDX-listed energy company PT Medco Energi Internasional Tbk said that construction progress at Block A PSC in Aceh Province has reached about 60 percent as per October of this year.
This was revealed by Medco Director Ronald Gunawan on Monday, but did not provide details.
Medco said in September that its main focus was in the construction of production facility. The company said that gas production from the Block A project was targeted to start in the first quarter of 2018.
The block is 85 percent owned by Medco E&P (operator) and 15 percent by KrisEnergy Ltd.
Editing by Reiner Simanjuntak